Typically, How Are ERP Systems Acquired

question 48

Multiple Choice

Typically, how are ERP systems acquired?

• A) By purchasing or leasing packaged software
• B) Built in-house
• C) Built with proprietary software
• D) Custom built by consulting companies and vendors

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Definitions:

Contributed Income

Financial resources received by organizations, especially non-profits, from donations, grants, or philanthropic contributions.

Financial Ratio

A quantifiable metric comparing two relevant numbers from a company's financial statements, used to assess its financial health.

Inputs and Outcomes

The resources invested in a process (inputs) and the results yielded from that process (outcomes), used to evaluate efficiency and effectiveness.

Logic Model

A systematic and visual representation of how a program or project is intended to work, including its inputs, outputs, and outcomes.